# Bluefield Solar Income Fund Limited (BSIF.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Utilities. Price 92p, market value 546 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Bluefield Solar Income Fund Limited reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 79.1×**. The shares trade at 79.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -0.6%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 101.4%**. Bluefield Solar Income Fund Limited keeps 101.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 312.2%**. 312.2% of revenue is left after running the business, an exceptional level.
- **Net margin: -115.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -4.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -9.8%**. Return on all capital, debt included, is -9.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -9.7%**. Each dollar of assets produces -9.7% of profit.

## Growth
- **Revenue growth (1 yr): -27.8%** (3-yr -48.1%/yr, 5-yr -3.4%/yr). Revenue fell 27.8% over the last year, against -3.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -205.1%**. Earnings per share fell 205.1%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.0×**. It would take 0.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 9.76%** (0p per share, trailing). Bluefield Solar Income Fund Limited yields 9.76%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 2.5%/yr** (1-yr 1.1%). The dividend has grown 2.5% a year over five years.
- **Shareholder yield: 13.4%**. Dividends plus net buybacks return 13.4% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (1 analyst). 1 analysts cover Bluefield Solar Income Fund Limited; the consensus is hold, with an average price target of 92p (-0% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -5.8%**. Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 94**. An RSI of 94 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.35** (volatility 34%). Beta of 0.35 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BSIF.L · Page: https://foliofundamentals.com/stocks/bsif.l

Not investment advice.